In this file:
· Cargill to expand US soy processing operations
· Cargill sells stake in Alvean to Copersucar, leaves sugar trading
Cargill to expand US soy processing operations
US$475 million investment supports rapid growth of the US soy market, increasing capacity and market access
By Feed Strategy
March 4, 2021
Cargill is investing significantly in its U.S. soy processing operations, with modernization and expansion projects across its network of crush facilities in seven states. Once completed, the company estimates the US$475 million in investments will improve operational efficiencies, while also increasing capacity — by 10% in one location and doubling capacity in another, to better meet growing demand for U.S. soy products.
With a focus on innovation, the investments not only strengthen Cargill’s U.S. crush footprint, but also give customers quicker access to feedstocks. Improvements will include faster unloading of oilseeds and loading of products, increased capacity which provides additional market opportunities, and better overall logistics, safety and ease of doing business.
“We are positioning ourselves to meet the growing global and domestic demand for soy products both in food and fuel markets. These investments will better enable us to serve our end-use customers, while also providing greater market access and a better experience for farmers,” said Warren Feather, managing director for Cargill Agricultural Supply Chain North America. “Investing in our plants to better support our customer’s businesses is critical to create mutual value and ensure a healthy operating environment, while continuing to assess the needs in the market.”
While Cargill is investing across seven states, some of the largest projects will take place in:
Cargill sells stake in Alvean to Copersucar, leaves sugar trading
By Roberto Samora and Marcelo Teixeira, Reuters
March 30, 2021
SAO PAULO/NEW YORK (Reuters) - Cargill said on Tuesday it is leaving the global sugar trading business after agreeing to sell its 50% stake in the joint venture Alvean, the world’s largest sugar trader, to Brazil’s Copersucar.
Copersucar and Cargill said they reached an agreement to end their partnership at Alvean, with the Brazilian company becoming the sole shareholder of the company, which moves around 12 million tonnes of sugar per year, or around 20% of the global trade of the sweetener.
The companies declined to reveal financial terms of the deal, which depends on approval by Brazilian antitrust agency CADE...